Debt (Tables)

9 Months Ended

Jun. 25, 2016

Debt Disclosure [Abstract]

Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper

The following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for the nine months endedJune 25, 2016 and June 27, 2015 (in millions):

	Nine Months Ended
	June 25, 2016			June 27, 2015
Maturities less than 90 days:
Proceeds from (repayments of) commercial paper, net	$	4,154		$	579
Maturities greater than 90 days:
Proceeds from commercial paper	1,846			2,601
Repayments of commercial paper	(2,008		)	(4,988		)
Proceeds from (repayments of) commercial paper, net	(162		)	(2,387		)
Total change in commercial paper, net	$	3,992		$	(1,808	)

Summary of Term Debt

The following table provides a summary of the Company’s term debt as of June 25, 2016 and September 26, 2015:

	Maturities	June 25, 2016					September 26, 2015
		Amount (in millions)			Effective Interest Rate		Amount (in millions)			Effective Interest Rate
2013 debt issuance of $17.0 billion:
Floating-rate notes	2018	$	2,000		1.10%		$	3,000		0.51% - 1.10%
Fixed-rate 1.00% - 3.85% notes	2018 - 2043	12,500			1.08% - 3.91%		14,000			0.51% - 3.91%
2014 debt issuance of $12.0 billion:
Floating-rate notes	2017 - 2019	2,000			0.70% - 0.93%		2,000			0.37% - 0.60%
Fixed-rate 1.05% - 4.45% notes	2017 - 2044	10,000			0.70% - 4.48%		10,000			0.37% - 4.48%
2015 debt issuances of $27.3 billion:
Floating-rate notes	2017 - 2020	1,774			0.68% - 1.87%		1,743			0.36% - 1.87%
Fixed-rate 0.35% - 4.375% notes	2017 - 2045	25,347			0.28% - 4.51%		24,958			0.28% - 4.51%
Second quarter 2016 debt issuance of $15.5 billion:
Floating-rate notes	2019	500			1.47	%	—			—
Floating-rate notes	2021	500			1.78	%	—			—
Fixed-rate 1.30% notes	2018	500			1.32	%	—			—
Fixed-rate 1.70% notes	2019	1,000			1.71	%	—			—
Fixed-rate 2.25% notes	2021	3,000			1.80	%	—			—
Fixed-rate 2.85% notes	2023	1,500			2.50	%	—			—
Fixed-rate 3.25% notes	2026	3,250			2.40	%	—			—
Fixed-rate 4.50% notes	2036	1,250			4.54	%	—			—
Fixed-rate 4.65% notes	2046	4,000			4.58	%	—			—
Third quarter 2016 Australian dollar-denominated debt issuance of A$1.4 billion:
Fixed-rate 2.65% notes	2020	487			1.92	%	—			—
Fixed-rate 3.35% notes	2024	337			2.61	%	—			—
Fixed-rate 3.60% notes	2026	243			2.84	%	—			—
Third quarter 2016 debt issuance of $1.4 billion:
Fixed-rate 4.15% notes	2046	1,377			4.15	%	—			—
Total term debt		71,565					55,701
Unamortized premium/(discount)		14					(114		)
Hedge accounting fair value adjustments		860					376
Less: Current portion of long-term debt		(3,500		)			(2,500		)
Total long-term debt		$	68,939				$	53,463